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-- -- -- Well it is not looking good for George we urge.
A public fight between booted founder George favor.
And Men's Wearhouse is demanding ugly.
Zimmer is insinuating he was fired after pushing it take the company private.
Which he denies but how inadvertently put the retailer in play could men's warehouse now be the target of a hostile takeover.
It is all the word on Wall Street -- with me now is ahead of the tape columnist Spencer Jacob.
This quite a story I mean we all feel like we know this guy we love this guy we've been seeing his commercials for -- what didn't.
-- what's the -- I -- I feel like an element I asked him.
If you're like me and you only watch sports and fox business and you know then that's all you yeah -- like what you see little on the -- guarantee it exactly so it -- -- you know it's strange because just in May he was unanimously reelected as chairman of the board now he's he founded the company forty years ago he used cigar box as a cash register really built that this big business two years ago he became chairman -- just 64 years old he's not a -- And I mean it could be a case of you -- he really was meddling he said I'm not an ego maniac that you know he.
But this is that the CEO or I don't college or what someone says that you immediately sort of being -- that might act now had he -- I'm not indeed by so where is that he managed well enough for 38 years yeah somebody can't be.
Now off is rocker in the they they basically.
Said that he was interfering too much she was interfering in compensation.
Decisions for example but he is the chairman and that is the job of the executive chairman I mean -- too many Japanese the chairman abdicate that responsibility you have guys like Deepak Chopra -- on the board I mean.
I'm sure he's a nice guy he's on the board of Men's Wearhouse.
I don't know what -- what -- know about how old.
Tough Deepak Chopra is when it comes to hang tough as they come to mind when you think that's not -- the coming out line.
Exactly so -- -- so he and -- that the face of the company which makes is very awkward because he.
And he actually may continue to be the face the company they have to pay him for a few more years whether they use his image or not.
To be the representative of the company.
-- isn't that an interesting question because the commercials and mean it seems like the commercials are working.
Everyone knows that but at the same time they have to pay the million dot box or something.
For the next four years in order to use the Arabs they were he was only making 101000 dollars as a results -- -- gonna cost them a bunch of money.
What it is really going on here I mean this strikes me is one of those situations where somebody.
-- company they build it it's a fantastic company but that they wanna take a public.
In order really cash -- but at the same time they want to keep control of the company you know it's that sort of like have your cake and eat it too but.
You lose control when you take it public I mean that's that's kind of what it's all about out.
It's hard to tell me he and his family only -- four point 7% of the company so it's not like he has the right to call the shots is a large shareholder yeah but he's not the dominant shareholder by a long shot right.
So it could have been that he just didn't want elect go that he'd been the boss it's his baby.
But he also could be that the board is really abdicating its responsibility for example if he brought the idea of a deal to them and they refused to look at it which is what he said yeah then.
The day they are not.
Let me ask you have final question before we run out of time -- exit you know we're looking at other founder Steve Jobs.
David Neal Mahan of jetBlue Jerry Yang of Yahoo! very famous people over the head of their own company who were eventually forced out.
DD but the company in play.
By sort of showing its weakness an opening it up to a hostile takeover saying.
I wanted to take this back private they won't let me does that whet the appetites of private equity or or just.
You Carl -- out there circling around what do you think.
It could be I mean there could be blood in the water just by -- of him having said this and you look at this company it has note that it's a pretty good shape.
It's the kind of business the private equities bought it's not that big.
And JPMorgan came up for example setting the uninsured can go I could see someone -- it for fifty bucks a share it's at 37 something now so that's that would be nice up trusting and the stock is up on the the back of back kind of talk -- it -- It's a possibility for sure yet keep -- post and I love the story Spencer thank you so much great stuff.
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